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Schroders strikes deal for River & Mercantile solutions arm

The asset manager will pay around £230m for the division, which includes its fiduciary management and derivatives businesses

The £230m deal is the latest in a string of M&A transactions in the fund management sector this year
The £230m deal is the latest in a string of M&A transactions in the fund management sector this year Photo: Bloomberg via Getty Images

Schroders, the £717bn UK listed asset manager, has struck a deal to acquire the £42bn solutions business of River & Mercantile — the latest in a string of M&A transactions announced in the sector this year.

The London headquartered firm will pay around £230m for the division, which includes its fiduciary management and derivatives businesses.

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